Measurable Data Token Market Overview

• Measurable Data Token traded in a tight range early before a sharp pullback after 19:00 ET, signaling short-term bearish bias.
• Volatility expanded significantly during the last 12 hours, with a drop of ~3.5% from the 00:15 ET high.
• A potential 50% Fibonacci retracement level at ~0.02499 appears to offer initial support near the close.
• MACD and RSI show weakening momentum and bearish divergence suggests further downside risk.

The Measurable Data Token (MDTUSDT) opened at $0.02538 (12:00 ET - 1), reached a high of $0.02559, and closed at $0.02337 (12:00 ET), with a low of $0.02223. The 24-hour volume totaled 6,579,492.1, while turnover came in at $160,221.0.

Structure & Formations

The price of Measurable Data Token formed a broad bearish trend from early evening, with a deep retracement below prior support levels near $0.02499. A key 50% Fibonacci retracement at ~$0.02499 may act as a short-term floor. A large bearish candle from 12:45 to 13:00 ET confirmed weakness below $0.02445.

Moving Averages

On the 15-minute chart, price closed below both the 20-period and 50-period SMAs, confirming short-term bearish momentum. On the daily chart, the 50-period SMA at ~$0.02475 now acts as overhead resistance.

MACD & RSI

The MACD line crossed below the signal line in bearish territory, indicating a continuation of downward momentum. RSI has fallen into oversold territory but remains below 30, suggesting further consolidation or a short-term rebound may be possible.

Bollinger Bands

Price traded near the lower band for much of the session, with a recent expansion in volatility confirming bearish bias. A close above the middle band (~$0.02475) could signal a reversal attempt, though this seems unlikely in the immediate term.

Volume & Turnover

Volume spiked sharply during the final hours of the session as price broke below key support, confirming bearish sentiment. However, turnover and volume appear to have peaked after 13:00 ET, suggesting exhaustion in the current leg lower.

Fibonacci Retracements

Key Fibonacci levels (38.2%, 50%, and 61.8%) align with recent support and resistance levels. The 61.8% level at ~$0.02450 could be a critical area to watch for a potential bounce, though a break below $0.02437 may accelerate the decline further.

In the next 24 hours, Measurable Data Token may test the $0.02437 level, with potential for a short-covering rally if it holds. However, a break below this could extend the downside. Investors should closely monitor volume and RSI to gauge strength of the move.